Motorcar Parts of America, Inc. (NASDAQ:MPAA) Stake Boosted by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. increased its position in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 0.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 772,462 shares of the auto parts company’s stock after purchasing an additional 1,699 shares during the quarter. Donald Smith & CO. Inc. owned 3.94% of Motorcar Parts of America worth $7,215,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Corton Capital Inc. increased its position in Motorcar Parts of America by 11.9% in the third quarter. Corton Capital Inc. now owns 23,983 shares of the auto parts company’s stock worth $194,000 after buying an additional 2,549 shares during the period. Citigroup Inc. increased its position in Motorcar Parts of America by 2,333.4% in the third quarter. Citigroup Inc. now owns 10,780 shares of the auto parts company’s stock worth $87,000 after buying an additional 10,337 shares during the period. Equitable Trust Co. increased its position in Motorcar Parts of America by 23.3% in the fourth quarter. Equitable Trust Co. now owns 57,955 shares of the auto parts company’s stock worth $541,000 after buying an additional 10,940 shares during the period. Perritt Capital Management Inc. increased its position in Motorcar Parts of America by 20.4% in the third quarter. Perritt Capital Management Inc. now owns 67,316 shares of the auto parts company’s stock worth $545,000 after buying an additional 11,400 shares during the period. Finally, Barclays PLC acquired a new stake in Motorcar Parts of America in the third quarter worth $117,000. 83.48% of the stock is currently owned by institutional investors.

Motorcar Parts of America Stock Performance

Shares of MPAA traded up $0.19 during trading hours on Monday, reaching $5.92. 152,393 shares of the company’s stock traded hands, compared to its average volume of 66,516. The firm has a market capitalization of $116.39 million, a price-to-earnings ratio of -2.29 and a beta of 1.43. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.40 and a quick ratio of 0.39. Motorcar Parts of America, Inc. has a twelve month low of $4.26 and a twelve month high of $10.40. The business’s fifty day simple moving average is $7.64 and its two-hundred day simple moving average is $8.45.

Motorcar Parts of America (NASDAQ:MPAA) last issued its quarterly earnings results on Friday, February 9th. The auto parts company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.36). The business had revenue of $171.86 million for the quarter, compared to analyst estimates of $182.20 million. Motorcar Parts of America had a negative net margin of 6.80% and a negative return on equity of 0.14%. Analysts predict that Motorcar Parts of America, Inc. will post 0.18 earnings per share for the current year.

Motorcar Parts of America Profile

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy-duty truck, industrial, marine, and agricultural application replacement parts in the United States. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; and brake-related products comprising brake calipers, brake boosters, brake rotors, brake pads, and brake master cylinders.